Sony Pictures signs deal with Redbox

Culver City, Calif. Sony Corp.'s movie studio said late Monday it has signed a multiyear deal to distribute DVDs through Redbox rental kiosks.

The agreement includes new releases, direct-to-video and catalog films from Sony Pictures Home Entertainment.

Redbox, which rents DVDs from vending machines for $1 per night, is seen as a rising competitor for Netflix.

Sony did not release any financial details.